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MPC has no choice

Author: finanse.wp.pl
Address: http://finanse.wp.pl/RPP-nie-ma-wyboru
Published: 20.08.2014

Polish economy slows down after two years of constant acceleration. However, it is not the Ukrainian crisis what is behind the downturn, but Polish internal trouble. Monetary Policy Council received the signal to cut the interest rates in order to save the economic recovery.

First signs of the economic slowdown have been observed in Poland. The most important stimulus which confirms coming weakening of economy was low GDP. 2014 Q2 brought lower increase pace on the level of 3.2 per cent, whereas last year the first quarter showed 3.4 per cent. This means that the Polish economy after two years of gathering momentum loses its pace.

Piotr Lonczak, Cinkciarz.pl analyst

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